Due to the financial and economic crisis, available sources of funding for the private sector in developing countries partly dried up. In this context, the role of development agencies was to try twice as hard to fill the deficit of financing. PROPARCO fully plaid this role in 2009 through an outstanding volume of commitments of € 1.1 Md and the extension of its geographical scope to the whole of the developing countries. >> Read more >> Download the Annual Report >>Download the highlights
Bigot Group specialized in the cut flower sector set up a flower farm in Kenya to produce roses. The investment program aims to help Bigot Group develop and secure the future of its farm in Kenya. The €2.5M FISEA equity investment will partially finance the investment program.The FISEA investment is in line with the strategy to develop Sub-Saharan Africa’s economic fabric. Bigot Group’s activity has a sizeable impact on employment in the region. >> Read more
This project aims to shore up the capital of Byblos Bank. It comprises a $30M equity investment in the capital of Byblos Bank, alongside the International Finance Corporation (IFC). It will allow Byblos Bank not only to pursue its international development strategy in both the Mashreq region and Africa but also to attract more private international investors. Byblos Group activities for SME / SMI financing will be expanded as well. >> Read more
Banque Internationale pour le Commerce et l'Industrie du Sénégal, specialized in the private customer, professional, institutional and corporate segments of the domestic market, is today the third largest bank in Senegal. BICIS has requested a 6.7 billion CFA franc line of credit from PROPARCO with a seven year maturity. PROPARCO is participating in the economic development of the country by providing long-term resources to Senegal’s banking system via a key player. >> Read more
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